Refer to the graph shown.In the graph, an inflationary gap exists if the price level is: 
Definitions:
Weighted Average
A calculation that takes into account the varying degrees of importance of the numbers in a data set, assigning weights to some numbers more than others.
FOB Shipping Point
This term indicates that the buyer is responsible for the goods and their shipping costs as soon as the goods leave the seller's premises.
Net Income
The total earnings of a company after all expenses and taxes have been subtracted from total revenue.
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